Section 8 Fair Market Rent (FMR) for ZIP 83101 - 2027

Investment Score for ZIP 83101

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

The ZIP code 83101, located in Boise, Idaho, is a vibrant area that offers both residential and commercial opportunities. Known for its diverse community and access to local amenities, it is a desirable location for renters and homeowners alike. Here's a detailed look at the market conditions based on recent data.

• Fair Market Rent (FMR): The FMR for ZIP 83101 is set at $960 for the fiscal year 2026, indicating a strong demand for affordable housing in the area.
• Market Rent: According to Census ACS data, the average market rent stands at $824, which is below the FMR, suggesting potential for rental price increases.
• Median Home Value: The median home value in the area is $259,190, reflecting a mix of affordability and desirability among homebuyers.
• Renter Share: With 22.3% of residents being renters, there is a significant portion of the population looking for quality rental properties.
• Days on Market (DOM): The data does not provide specific days on market for listings, but this metric is crucial for understanding how quickly properties are being rented out or sold.
• Median Income: The median household income in ZIP 83101 is $76,947, showing that residents have a decent financial standing, likely supporting higher rents and property values.

The data points above indicate a robust rental market with room for growth, given the gap between the market rent and the FMR. The median home value suggests a balanced market where both renting and owning can be profitable. With a quarter of the population renting, there is a substantial demand for rental properties. However, without specific DOM data, it's challenging to assess the speed at which properties are leased or sold. Nonetheless, the median income figure supports the potential for increased rental rates and property appreciation over time. For landlords and small-portfolio investors, ZIP 83101 presents a favorable investment climate with steady income generation and long-term capital appreciation possibilities.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). Demographics from U.S. Census (2024).

About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.